Changes in the management of Hepsor AS

Core Viewpoint - Hepsor AS has appointed Martti Krass as a new member of the Management Board, effective August 1, 2025, succeeding Henri Laks, who will transition to the Supervisory Board [1][2][3] Group 1: Management Changes - Martti Krass has been with Hepsor since 2014, serving in various roles including Latvian Country Manager since 2017 [2] - Henri Laks, the current Chairman of the Management Board, will become a member of the Supervisory Board upon the expiration of his mandate on August 1, 2025 [1][3] Group 2: Future Goals and Strategy - Martti Krass emphasized the company's focus on increasing profitability through enhanced efficiency, teamwork, and client satisfaction [3] - The company aims to continue its activities in Estonia and Latvia, with an emphasis on sustainable development projects and improving living environments [3] Group 3: Company Background - Hepsor AS is a developer of residential and commercial real estate, operating in Estonia, Latvia, and Canada [4] - Over fourteen years, Hepsor has developed 2,076 homes and nearly 36,300 square meters of commercial space [4] - The company has a portfolio of 25 development projects totaling 172,800 square meters [4]